Cory Zeidman arrested for Sports Betting Fraud
"Defendant Led Group That Made Tens of Millions of Dollar Misleading Victims into Believing The Group Had Inside Information on College and Professional Sporting Events"
"As alleged, Zeidman defrauded his victims, stole their life savings and persuaded them to drain their retirement accounts to invest in his bogus sports betting group, all so he could spend it on international vacations, a multi-million dollar residence and poker tournaments,”
19 Replies
Big sports betting buddy sent me the new espn article about this, looks like he is now pleading guilty.
Front page of Poker News has one too. Like the last line - He was previously best known for slow rolling Jen Harmon in a WSOP with a straight flush lol
Here was the hand - https://youtu.be/PbYh2gSlHuM?si=IZe0FJ5U...
Here was the hand - https://youtu.be/PbYh2gSlHuM?si=IZe0FJ5U...
Guilty! POS!
All these people arrested for shady stuff are described as professional poker players. This guy seems like a decent player, but poker does not appear to be his main source of income.
Initially, almost everyone charged with something pleads not guilty, but they generally change to guilty. That is what lawyers advise them to do.
From what he pled to, it seems like he doesn't mind hurting people, which is consistent with the famous slow roll.
Corey getting his comeuppance for the slow roll
Nobody is going to bang 60 year old fat guy anyway.
How’s he any different from a psychic who claims to be able to read your future and takes your money for that service?
3% of federal criminal cases go to trial compared to 20% 30 years ago. They have mandatory minimum sentences, so if the prosecutor charges someone with something with those minimums and multiple counts, they get like 100 years without parole if convicted. So almost everyone pleads guilty to lesser charges. Initially, at arraignment, almost everyone pleads not guilty.
Isn't this story literally years old, according to the DOJ press release, unless his plea is newsworthy...... admittedly he does rank #219 among Florida poker players according to Hendon Mob.
How’s he any different from a psychic who claims to be able to read your future and takes your money for that service?
If it's "you'll meet a tall, dark handsome stranger" they advertise that as "for entertainment purposes only".
If it's "I guarantee prosperity if you buy my 'astral-clairvoyant-forecast' " then
If it's "you'll meet a tall, dark handsome stranger" they advertise that as "for entertainment purposes only".
If it's "I guarantee prosperity if you buy my 'astral-clairvoyant-forecast' " then they get sentenced to 10 years.
A psychic claiming to tell your fortune is probably OK. Plenty of psychics sentenced.
A few more cases. There seem to be a lot of psychics in prison.
https://www.fox13news.com/news/self-proc...
https://www.cbsnews.com/news/fake-psychi...
It is gotten weird with 3% going to trial 20% was more reasonable. The other reason for the high guilty plea and conviction rates with federal cases is they don't usually charge people unless it is a really strong case.
Providing fortune telling services is legal. The psychics in jail were getting people to send money more than for services, using it to get women into prostitution, etc.
With a sports betting service, you could provide recommendations. The charges were for claiming information about what games were fixed, players were injured, etc.
A psychic claiming to tell your fortune is probably OK. Plenty of psychics sentenced.
A few more cases. There seem to be a lot of psychics in prison.
https://www.fox13news.com/news/self-proc...
https://www.cbsnews.com/news/fake-psychi...
Each should get an extra five years for not seeing it coming.
As a poker player, I would say Cory's line was not believable. If you really had inside information as to who would win, you would bet yourself and tell some friends. You wouldn't publish it in a newsletter.
But there are people who are greedy and fall for this. Then they lose on betting and on the newsletter. Sports betting is legal in some places now, so a bunch of them probably complained to the authorities, who eventually did something about it.
